Work out a forex buy/sell quote with GST breakdown, estimate the TCS on your remittance, and check live rates — switch between them with the tabs below.
Enter the amount in the foreign currency you're buying or selling.
Pre-filled with today's live rate — edit it to match your dealer's actual quote.
International remittances (bank transfers) are taxed differently from cash forex purchases — TCS applies rather than the GST-on-exchange slabs, plus your bank's own transfer charges.
Education loans from a specified financial institution are exempt from TCS entirely — 0% regardless of amount or PAN status.
The same live feed used across TripPaisa — for a fuller table with search and history, see the dedicated Live Exchange Rates page.
The Guides library has plain-English explainers for LRS, TCS, FEMA and more.
| Country | Currency | Code | Symbol | USD Accept | EUR Accept | Card Accept | ATM |
|---|
An international payment (or remittance) is money sent from India to a recipient abroad — for tuition, living expenses, travel, medical treatment, family support, gifts, or investments. It typically moves via SWIFT bank transfer, a money-transfer operator, or a forex card top-up, each with different speed, cost, and documentation needs.
Resident individuals (under RBI's LRS), students remitting their own funds, parents/guardians funding a dependent's education or expenses, and businesses (via separate FEMA current-account provisions, informational only — not covered by LRS).
| Education | S0305 |
| Living Expenses | S0305 / S1301 |
| Travel | S0306 |
| Medical Treatment | S0304 |
| Gifts | S1301 |
| Investments | S0001-S0004 (varies by instrument) |
| Maintenance of Relatives | S1301 |
| Immigration | S0303 |
Purpose codes are set by RBI and may be revised — your bank's remittance form will show the current applicable code.
Full name (as per PAN), PAN, residential address, bank account details, purpose of remittance, and Form A2 declaration.
Recipient's full name and address, bank name, account number/IBAN, SWIFT/BIC code, and the receiving bank's branch address.
| Purpose | Typical Documents |
|---|---|
| Education | Admission/offer letter, fee invoice, Form A2 |
| Medical Treatment | Hospital estimate/invoice, doctor's referral letter |
| Travel | Ticket/itinerary, passport copy |
| Gifts/Maintenance | Relationship proof, Form A2 declaration |
| Investments | Investment/allotment documents, FEMA declaration as applicable |
Bank charges: a flat or percentage-based remittance fee.
SWIFT charges: a fixed fee (often ₹500-2,000) for the wire itself.
Correspondent bank charges: intermediary banks may deduct their own fee en route — the recipient can receive slightly less than sent.
GST: charged on the currency-conversion service component.
TCS: collected at source per LRS purpose and threshold — see the Forex Hub for current rates.
USD 250,000 per resident individual per financial year, combined across all purposes and all banks. Your bank tracks your running total — ask for your current-year utilisation before a large remittance to avoid exceeding it.
FEMA is the legal framework governing all foreign exchange transactions in India. It replaced the older FERA regime and treats most current-account transactions (like the ones covered here) as generally permitted, while capital-account transactions (like large overseas investments) may need specific RBI approval beyond a threshold. Authorised Dealer banks apply FEMA rules when processing your remittance — that's why they ask purpose-specific questions before transferring funds.
Under FEMA/RBI rules, LRS funds cannot be used for margin trading, lottery/betting, purchase of foreign currency lottery tickets, trading in foreign exchange abroad, or remittances to countries identified as non-cooperative by FATF.
Education/travel remittances: typically 1-3 working days once documents are verified. Medical emergencies: banks often expedite same-day where possible. Investment remittances: can take longer due to additional compliance checks.
Mismatched recipient name/spelling vs. their bank account, missing or incorrect SWIFT code, wrong purpose code selected, exceeding remaining LRS headroom without realising it, and incomplete Form A2 declarations.
Banks must verify your identity (KYC), the source of funds, and the stated purpose before processing a remittance — larger or unusual transactions may trigger additional documentation requests as part of routine AML compliance.
FATF (Financial Action Task Force) is the global body setting anti-money-laundering and counter-terror-financing standards. It maintains a "Grey List" (countries under increased monitoring) and a "Black List" (high-risk jurisdictions with serious deficiencies). Remittances to grey/black-listed countries typically face extra bank scrutiny and documentation requirements, and some may be restricted entirely — check with your bank if your destination country's status is unclear.
✅ Double-check recipient bank details before submitting
✅ Use your bank's official channel, not third-party "agents"
✅ Keep the transaction reference/UTR number until confirmed received
✅ Verify current LRS/TCS rules each time — they're revised periodically